Solved: The income statement section of the worksheet of smith, Accounting Basics

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The income statement section of the worksheet of smith

Question - The Income Statement section of the worksheet of Smith Company for the year ended December 31, has $169,000 recorded in the Debit column and $193,434 in the Credit column on the line for the Income Summary account. What were the beginning and ending balances for Merchandise Inventory?

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Accounting Basics: The income statement section of the worksheet of smith

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Accounting Basics: The income statement section of the worksheet of smith

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